A bill to amend title 4, United States Code, to provide that States using a unitary method of taxation may not treat foreign trades or businesses as members of a unitary business.

Summary

Provides that States or political subdivisions thereof using a unitary method of income taxation may not treat foreign trade or businesses as members of a unitary business if 80 percent or more of the total business activity is outside the United States. Directs the Secretary of the Treasury to provide to State officials information concerning company earnings and other information for businesses affected by the unitary system of taxation.

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1 official file

• Introduced in House

  summary · EN · 23 February 1984

  Open at official source

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